InvestmentPitch Media Video Discusses FSD Pharma's LOI with World Class Extractions Creating JV to Build and Operate Cannabis Extraction/Processing Facility in Cobourg, Ontario - Video Available on Investmentpitch.com

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[{"type":"text","content":"InvestmentPitch Media Video Discusses FSD Pharma's LOI with World Class Extractions Creating JV to Build and Operate Cannabis Extraction/Processing Facility in Cobourg, Ontario - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - September 26, 2019) - FSD Pharma Inc. (CSE: HUGE) (FSE: 0K9) (OTCQB: FSDDF), through its wholly-owned subsidiary FV Pharma, has signed a letter of intent with World Class Extractions (CSE: PUMP) (FSE: WCF) to create a joint venture to develop, manage and operate a cannabis extraction and processing facility in Cobourg, Ontario. FSD Pharma and World Class Extractions will each hold a 50% interest in the new joint venture, with each company nominating 2 of the 5 directors, with the 5th director being independent.InvestmentPitch.com has produced a \"video\" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"FSD Pharma\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/The joint venture is expected to enter into a 5-year lease, commencing December 1, 2019, with FV Pharma for up to 5,000 square feet of licensed indoor space with an option for an additional 5 years and include provisions for expansion.Extraction operations to extract various cannabidiol and other valuable elements from cannabis and hemp plants will commence following the installation of 3 Boss Extraction systems by World Class Extractions' subsidiary Soma Labs Scientific, who will provide the Joint Venture with all of the extraction and processing equipment required, assuming all direct costs. The patent-pending Boss Extraction system provides proprietary systems and methods for producing cannabis extracts. Its technology can perform sub-critical CO2 extraction; combining proprietary max flow technology with advanced thermodynamics, automated features, and an exclusive plug and play design. Each Boss system can process up to 200 lbs of dry biomass per day, producing extracts that have substantially greater concentrations of target cannabinoids while possessing minimal contaminants. The Boss Extraction system is intended to provide third-party Licensed Producers with access to the technology needed to extract oil for value-added product production. Once operational, the extraction machinery will be managed and operated by...

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